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Thread: GBP.USD

  1. #91
    action-reaction arco's Avatar
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    As mentioned on the Chit Chat thread,
    I closed all S/T open positions Fri evening
    which including Fridays GBP shorts - cashed up
    at @ 7346. (+139)....can't be too greedy

    I had a Gann level showing at 7335 which seems
    to be giving a little support............
    Also the break of the old uptrend line could
    require testing, so I expected we could see
    some northward movement before cable heads
    further south.







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  2. #92
    Senior Member slam's Avatar
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    This one jumping around today[8D]
    Eur/Gbp done well because of it

    Cheers
    Slam

  3. #93
    action-reaction arco's Avatar
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    I trust some members caught that nice up-move last
    night. I managed to take 100-131 pips off 4 orders
    closing them late evening circa 7813.

    Now the current 15 min chart appears to be forming a
    bull flag. So there may be room for a further run north.







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  4. #94
    Senior Member slam's Avatar
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    Hi Arco
    Sure did, 2 orders
    Been waiting for a bit more of a retrace but don't know If I'll get it

    We'll see

    cheers
    Slam

  5. #95
    Senior Member slam's Avatar
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    Looking like this may do a full retracment to circa 1.8300
    Tightend the stops
    Cheers
    Slam

  6. #96
    Guru Xerof's Avatar
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    Yup Slam, 100% retracement looks to be the real deal


    Xerof

  7. #97
    Senior Member slam's Avatar
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    Not sure on this one.
    Has touched the 61.6 fib from May to July drop, but if it's a 5 wave 1 last up to go (after 4 finished that is)
    If so .8839 target[?] This years down trend line

    Anyone else had a thought on it?

    slam

  8. #98
    action-reaction arco's Avatar
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    Slam

    Theres a Major Gann at 8555 that may hold
    northbound progress in the short term.

    The downtrend line would fit in nicely
    with a Butterfly target area.

    Hows the EW principle coming along?

    arco



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  9. #99
    action-reaction arco's Avatar
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    A little below the Gann at 8555, 8500 was the
    high which contained north bound movement.
    Looking now for a possible fall towards
    8188 before it moves north again.



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  10. #100
    Senior Member slam's Avatar
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    Nicely timed call arco[8D]

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